Companies Look to Make a Quantum Leap With New Technology

7. May 2017

Date: 07-05-2017
Source: The Wall Street Journal

Volkswagen is among a growing number of firms experimenting with quantum computing to push their businesses forward

Companies have started to tap into quantum computing, like this D-Wave 2000Q System, in an effort to gain a competitive edge.

Quantum mechanics has fascinated, confounded and even alarmed scientists for nearly a century with the notion that particles can exist in two states at once and communicate with each other across vast distances. The underlying science that Albert Einstein famously called “spooky” could soon become one of modern computing’s core tenets.

Computers that utilize quantum mechanics are moving beyond pure scientific research and inching toward the commercial sector, with companies such as Volkswagen AG beginning to harness their unprecedented power to solve complex problems in nanoseconds.

“This technology is not futuristic,” said Martin Hofmann, Volkswagen chief information officer, who oversees information technology for the group’s 12 brands including Audi , Porsche and Bentley. “It’s a question of years until it’s commercialized, and investing right now in the technology is a big competitive advantage.”

Companies including D-Wave Systems Inc. and International Business Machines Corp. have been pioneering quantum computing, and experts say that within five years the technology could be powerful enough to solve new classes of problems that are currently beyond the grasp of even supercomputers. Read the rest of this entry »

Harvard Business School risks going from great to good

7. May 2017

Date: 04-05-2017
Source: The Economist: Schumpeter

A confidential memorandum of warning to its senior faculty

YOU will all be aware that a book has just been published about our institution, Harvard Business School (HBS). Entitled “The Golden Passport”, by Duff McDonald, it makes a number of unflattering claims about the school’s ethics and its purpose. While often unbalanced, it is likely to galvanise hostility to HBS both inside Harvard University, of which we are a part, and among the public. This memorandum, circulated only to the most senior faculty members, assesses HBS’s strategic position.

Our school has been among the country’s most influential institutions since its foundation in 1908. Our forebears helped build America’s economy in the early 20th century and helped win the second world war. HBS educates less than 1% of American MBA students but case studies written by our faculty are used at business schools around the world. Our alumni fill the corridors of elite firms such as McKinsey. Many bosses of big American companies studied here. Even in Silicon Valley, where we are relatively weak, about a tenth of “unicorns”—private startups worth over $1bn—have one of our tribe as a founder. Read the rest of this entry »

The new status symbol: it’s not what you spend – it’s how hard you work

24. April 2017

Date: 24-04-2017
Source: The Guardian

The rich used to show how much they could spend on things they didn’t need. Today, a public display of productivity is the new symbol of class power

Apple CEO Tim Cook says he starts each day at 3.45am, while Yahoo CEO Marissa Mayer had talked about her 130-hour workweek.

Almost 120 years ago, during the first Gilded Age, sociologist Thorstein Veblen coined the term “conspicuous consumption”. He used it to refer to rich people flaunting their wealth through wasteful spending. Why buy a thousand-dollar suit when a hundred-dollar one serves the same function? The answer, Veblen said, was power. The rich asserted their dominance by showing how much money they could burn on things they didn’t need.

While radical at the time, Veblen’s observation seems obvious now. In the intervening decades, conspicuous consumption has become deeply embedded in the texture of American capitalism. Our new Gilded Age is even more Veblenian than the last. Today’s captains of industry publicize their social position with private islands and superyachts while the president of the United States covers nearly everything he owns in gold. Read the rest of this entry »

Amazon’s Jeff Bezos Outlines How He Tries to Keep Retail Giant in Startup Mode

13. April 2017

Date: 13-04-2017
Source: The Wall Street Journal

In a shareholder letter, Mr. Bezos stressed the importance of putting customers first and staying nimble CEO Jeff Bezos earned a base salary of $81,840 last year, and because of his large stake in the company, has never taken stock-based compensation. Inc. Chief Executive Jeff Bezos says he recently thought a new show the Amazon Studios team was considering was too boring and complicated to produce. But he gave it the green light anyway because the team thought it had potential.

Mr. Bezos told his team, “I disagree and commit and hope it becomes the most watched thing we’ve ever made,” he wrote in a shareholder letter published Wednesday. “Consider how much slower this decision cycle would have been if the team had actually had to convince me rather than simply get my commitment.”

The letter, an annual exercise, offers a window into Mr. Bezos’s management philosophy, describing how he can disagree with employees but still back their projects, as well as his opposition to relying on market research and other core company tenets.

Amazon also released data on compensation, which showed Andy Jassy, who runs the Amazon Web Services cloud division, was the top earner at $35.6 million last year, including stock awards. Read the rest of this entry »

What Satya Nadella did at Microsoft

17. March 2017

Date: 16-03-2017
Source: The Economist

The world’s biggest software firm has transformed its culture for the better. But getting cloud computing right is hard

A DECADE ago, visiting Microsoft’s headquarters near Seattle was like a trip into enemy territory. Executives would not so much talk with visitors as fire words at them (one of this newspaper’s correspondents has yet to recover from two harrowing days spent in the company of a Microsoft “brand evangelist”). If challenged on the corporate message, their body language would betray what they were thinking and what Bill Gates, the firm’s founder, used often to say: “That’s the stupidest fucking thing I’ve ever heard.” Read the rest of this entry »

How AI Is Transforming the Workplace

13. March 2017

Date: 13-03-2017
Source: The Wall Street Journal

Artificial intelligence is changing the way managers do their job—from who gets hired to how they’re evaluated to who gets promoted

The growing use of AI in the workplace raises many questions. Among them: Is it too intrusive?

Move over, managers, there’s a new boss in the office: artificial intelligence.

The same technology that enables a navigation app to find the most efficient route to your destination or lets an online store recommend products based on past purchases is on the verge of transforming the office—promising to remake how we look for job candidates, get the most out of workers and keep our best workers on the job. Read the rest of this entry »

These 8 Books Can Help You Finally Understand Business

23. February 2017
Feb 22, 2017
Run rate? M&A? Non-voting shares?

If you’ve never run your own business or considered B-school, it can be tough to wrap your head around how the corporate world works. Thankfully, there’s a wealth of excellent (yes, even enjoyable) tomes out there that can help. Here are eight great ones to start with, a mix of classics and new reads about today’s hottest startups as suggested by writers and editors at TIME and Fortune.

The Innovators Dilemma ($14, Amazon)

Clayton Christensen’s 1997 classic The Innovators Dilemma argues that market-leading companies can become shells of their former selves if they’re unwilling to “disrupt” themselves — because somebody else will come along and do it for them. It’s akin to a religious text in Silicon Valley, where it’s viewed as a guidebook for upstart innovators seeking to take on the world’s biggest firms. Read the rest of this entry »